A company bought ($ 1,000,000) of capital assets at the beginning of year 1. Year 1 amortization

Question:

A company bought $\$ 1,000,000$ of capital assets at the beginning of year 1. Year 1 amortization was $\$ 200,000$ and CCA was $\$ 100,000$. What is the tax basis of the assets at the end of year 1? The accounting carrying value? If the tax rate is $20 \%$, what is the balance in the deferred income tax account at the end of year 1 ?

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